Mortgage Monthly PPI

Mark_123

Sold in the correct manner

How many of you have lied to try and reclaim.

Let us see if anyone can be honest........................

I can name and prove without a shadow of doubt 186 people who have done so

Does everyone on this site think that reclaiming PPI regardless of the fact it was mis sold or not is their god given right ???

I will not hold my breath

dunstonh

I'm guessing you are a complaints handler and are seeing the fraudulent complaints.

Mark_123

no

I am today the ex MD of a mortgage brokerage who can no longer pay £500 to FOS every time, regardless of the fact not one of 186 cases have been upheld. All of these cases had been defended with call recording and proof of sale but the clients decided to send to FOS regardless just in case.

[Deleted User]

I do sympathise with you, but unfortunately regardless of the doubtless professional manner in which you may have sold it, PPI was and is an overly expensive rubbish product.
I'm not and nor have I ever advocated telling untruths in order to facilitate a successful complaint, but I do believe those who have been genuinely mis-sold deserve redress.
You seem to be bitter at sites like this one which you say encourage lies. But I think your ire is misplaced. Instead you should be annoyed at the way in which FOS is financed and you should be equally annoyed at the Claims Management Companies who bombard daytime television and newspapers with misleading adverts encouraging even the most spurious complaint.

Mark_123

nonsense

The right PPI on a mortgage is not a 'overly expensive rubbish product'

I do not express an opinion on other products PPI was allegedly mis sold on

Centerpoint via Hamilton administered the product I sold and it was excellent cover, even for the self employed.

I suggest you do some product research before you come out with such bile

[Deleted User]

Mark_123 wrote: »

I suggest you do some product research before you come out with such bile

I'm not here to extol the virtues of ANY PPI. I'm also not here to listen to you telling people here to "rot in hell" or that our posts are "nonsense".

I'll leave it there.

Mark_123

you said, and to quote

'PPI was and is an overly expensive rubbish product'

Prove your point from my example

i am stating that the people who have forced me out of business should rot in hell and your post was nonsense in my regard

clift

interesting discussion!!

Iam new to this and have just discovered that my Wife was paying redundancy insurance for our Mortgage for 5 years but wasn't working and the company who the insurance policy was with continued to take the direct debit payment knowing fully that my Wife wasn't working as they had paid out previously on a claim.
Sheer ignorance on our part - can we claim money back for payments they took after she was made redundant - is this more straightforward than a ppi claim??

Mark_123

in a nutshell yes, you have more than a valid claim

magpiecottage

Moneyineptitude wrote: »

PPI was and is an overly expensive rubbish product.

Until such time as you actually need it, ANY insurance is "overly expensive".

The fact is that that if you took a mortgage in ten years ago and the broker did not offer PPI for it then, if you lost your job, you could now take him to FOS for being negligent.

It is immoral that the OP has been put out of business because he has to pay fees when he has done nothing wrong.

Mark_123

The government, under the time of the mortgage code encouraged mortgage PPI.

We had to get a signed disclaimer if it was not taken explaining the facts re state help etc